3425 W Fullerton Ave
- Tavern License in Place
- Two 3 Bed/1 Bath Apartments
- Storage Area in Rear for Potential Expansion
- Full Basement
- Logan Square Location
- Well-Known & Established Business
- Excellent Opportunity For Additional Income With Addition of Video Gaming
Property Description
3245 W Fullerton presents a rare opportunity to acquire a long-established tavern property with two oversized apartments above and a rear storage area that may offer future expansion potential for the tavern, all located in the heart of Logan Square—one of Chicago’s most desirable and dynamic neighborhoods. The ground-floor commercial space is home to The Burlington, a well-known neighborhood destination with strong local recognition and an established customer base. The sale includes the tavern business and liquor license, creating a true turnkey opportunity for an owner-operator or investor seeking an established hospitality concept in a premier Chicago location. With recent ordinance changes allowing for video gaming, new ownership may have the ability to generate additional revenue streams while increasing customer traffic and overall profitability. Above the tavern are two spacious approximately 1,200 SF three-bedroom, one-bath apartments, each equipped with central air conditioning. The residential units are in good condition, though light cosmetic updates could allow new ownership to substantially increase rental income and further enhance the asset’s overall value. The apartments currently do not include in-unit or common laundry, presenting an additional value-add opportunity through amenity upgrades and future rent growth.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,100,000 |
| No. of Units: | 3 |
| Year Built: | 1918 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $366,667 |
| Property Website | Click Here |
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